Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (106,077) $ 41,804
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 128,422 132,698
Amortization of deferred stock units 297 309
Amortization of stock compensation 1,500 6,439
Amortization of deferred financing costs 2,846 2,306
Amortization of debt discount and mark-to-market 2,791 5,502
Equity in (earnings) loss of unconsolidated joint venture, net 2,723 2,060
Distributions of cumulative earnings from unconsolidated joint ventures 3,145 10,974
Realized (gains) loss on disposition of rental property, net (53,261) (54,848)
Realized (gains) loss on sale of investment in unconsolidated joint ventures (6,448)  
Impairments 164,176  
Changes in operating assets and liabilities:    
Decrease (increase) in unbilled rents receivable, net 17 (4,477)
Increase in deferred charges, goodwill and other assets (23,387) (28,544)
Increase in accounts receivable, net (603) (1,911)
Increase in accounts payable, accrued expenses and other liabilities 5,298 13,565
Decrease in rents received in advance and security deposits (4,502) (5,938)
Increase (decrease) in accrued interest payable 7,751 (4,440)
Net cash provided by operating activities 124,688 115,499
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (6,057) (46,883)
Rental property additions and improvements (59,700) (77,109)
Development of rental property and other related costs (49,959) (4,881)
Proceeds from the sales of rental property 81,049 274,839
Proceeds from the sale of investment in unconsolidated joint venture 6,448  
Investments in notes receivable   (62,276)
Repayment of notes receivable 7,750 10,250
Investment in unconsolidated joint ventures (68,468) (57,568)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 4,329 36,303
Increase in restricted cash 5,823 6,777
Net cash (used in) provided by investing activities (90,431) 65,898
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 179,000 262,328
Repayment of revolving credit facility (144,000) (262,328)
Repayment of senior unsecured notes   (200,000)
Proceeds from mortgages and loans payable 6,193 28,350
Repayment of mortgages, loans payable and other obligations (29,307) (44,825)
Payment of contingent consideration   (5,228)
Payment of financing costs (98) (1,021)
Cash from noncontrolling interests 251  
Payment of dividends and distributions (44,979) (74,851)
Net cash used in financing activities (32,940) (297,575)
Net increase (decrease) in cash and cash equivalents 1,317 (116,178)
Cash and cash equivalents, beginning of period 29,549 221,706
Cash and cash equivalents, end of period $ 30,866 $ 105,528